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Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,200(900 cost), with terms of 2/10, n/30, to Dalton Company. On September 17, $180 of the merchandise ($130 cost) was returned because it was the wrong model. On September 23, Brady Company received a check for the amount due from Dalton Company. Required Prepare the journal entries made by Brady Company for these transactions. Brady uses the perpetual inventory system. Round your answers to the nearest dollar. //Comment: the second pic has the options to chose from for description

Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,200(900 cost), with terms of 2/10, n/30, to Dalton Company. On September 17, $180 of the merchandise ($130 cost) was returned because it was the wrong model. On September 23, Brady Company received a check for the amount due from Dalton Company. Required Prepare the journal entries made by Brady Company for these transactions. Brady uses the perpetual inventory system. Round your answers to the nearest dollar. //Comment: the second pic has the options to chose from for description

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter11: Accounting For Transactions Using A General Journal
Section: Chapter Questions
Problem 2AP
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Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,200(900 cost), with terms of 2/10, n/30, to Dalton Company. On September 17, $180 of the merchandise ($130 cost) was returned because it was the wrong model. On September 23, Brady Company received a check for the amount due from Dalton Company. Required Prepare the journal entries made by Brady Company for these transactions. Brady uses the perpetual inventory system. Round your answers to the nearest dollar. //Comment: the second pic has the options to chose from for description
On Septer ($130 cost) was returned because it was Required Prepare the journal entries made by Br Gener Date Sept. 13 13 17 17 Description Accounts Receivable Cash Cost of Goods Sold Inventory Sales Discounts Sales Returns and Allowances Sales Revenue Merchandise returned by Dalton
Transcribed Image Text:On Septer ($130 cost) was returned because it was Required Prepare the journal entries made by Br Gener Date Sept. 13 13 17 17 Description Accounts Receivable Cash Cost of Goods Sold Inventory Sales Discounts Sales Returns and Allowances Sales Revenue Merchandise returned by Dalton
Business Course Question Z Not complete Date Sept. 13 Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,200 ($9 ($130 cost) was returned because it was the wrong model. On September 23, Brady Co Required Prepare the journal entries made by Brady Company for these transactions. Brady uses General Journal 13 17 17 Marked out of 2.50 Check Description Sold merchandise to Dalton Company terms 2/10, n/30. = = Cost of merchandise sold to Dalton Company. Merchandise returned by Dalton Company. PFlag question Cost of merchandise returned by Dalton Company. 23 Cash Type here to search Remittance received from Dalton Company. +++ + O → + → → + + TI Debit OO 0 0 0 OO 0 0 0 0 OO 0 0 OOO 0 0 Credit H 0 0 0 0 OO 0 0 0 OO 0 0 OO 0 0
Transcribed Image Text:Business Course Question Z Not complete Date Sept. 13 Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,200 ($9 ($130 cost) was returned because it was the wrong model. On September 23, Brady Co Required Prepare the journal entries made by Brady Company for these transactions. Brady uses General Journal 13 17 17 Marked out of 2.50 Check Description Sold merchandise to Dalton Company terms 2/10, n/30. = = Cost of merchandise sold to Dalton Company. Merchandise returned by Dalton Company. PFlag question Cost of merchandise returned by Dalton Company. 23 Cash Type here to search Remittance received from Dalton Company. +++ + O → + → → + + TI Debit OO 0 0 0 OO 0 0 0 0 OO 0 0 OOO 0 0 Credit H 0 0 0 0 OO 0 0 0 OO 0 0 OO 0 0
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